The quarterly newsletter of RiverLand Federal Credit Union because Members Matter!

Transcription

1 Member Matters The quarterly newsletter of RiverLand Federal Credit Union because Members Matter! October 2018 riverlandfcu.org There s No Place Like Home! Our Home Equity Line of Credit Can Add Value to Your Biggest Investment! Your home s equity provides a low-cost way to borrow! Rates as low as With home values and interest rates on the rise, there s never been a better time to renovate before rates go up! Whether you re looking to update a kitchen, remodel a bath, or add additional living space, our Home Equity Line of Credit is the right tool. You can use the built up equity in your home to finance renovations that will increase your home s overall value and will add enjoyment the whole family can appreciate. Don t hesitate, call us today to discuss your home equity options! Apply Today! with automated payments Credit Limits as High as $500,000 Low-to-No Closing Costs* Up to 20-Year Terms No Application Fees riverlandfcu.org x RCU(4728)x2 * Percentage Rate (APR) is variable and may change quarterly. A.25% rate reduction will apply if borrowers make qualified automated payments. Your APR will never be less than 3.50% or exceed 18% or the maximum allowed by law. RiverLand shall pay customary closing costs excluding parish/county assessed documentation fees or a borrower elected certified appraisal. Loan cancellation within the first 36 months may result in the repayment of credit union-paid closing costs. Minimum initial draw is $2,500 or as determined by state law. Property must be owner occupied. Restrictions and limitations apply; call for details. APR *

2 We VE Put a New Spin on MATCHMAKING with our Match-Rate Certificates! If You re Shopping for the Highest Yield On Certificates, You Found Them! We realize certificate rates and terms can be highly competitive, but a high rate isn t the only factor you should consider when investing. Balancing yields against the safety and reputation of the institution can be tricky. Our Match-Rate* Certificates match the highest advertised rates on like-term certificates offered by other financial institutions with the added benefit of our unparalleled member service, safety, and stability creating the perfect match for you! Plus our streamlined process makes it easy to invest. We ll match rates on certificates as low as $10,000 with terms ranging from months. We ve lined up everything just right, giving you a perfect match! Here s how it works: 1 Find a higher rate on a like-term certificate with another financial institution. ** 2 Send us or bring us the ad including the rate, terms, and offer dates. 3 Once qualified, we ll match their rate, and you can enjoy the peace of mind knowing your account is safe with RiverLand, and is federally insured to at least $250,000. Ready to Find Your Match? Call today, this offer ends soon! x RCU(4728)x3 *This offer is available for a limited time and may end without notice. For verification purposes, we require investors to provide us with the original ad including rates, terms, and offer dates. Matched rate certificate terms are limited to a maximum of 5 years. Standard RiverLand early withdrawal penalties apply. Restrictions and limitations apply. **Qualifying institutions must have a physical location accessible to the public, and depositors must be eligible to invest with them. Internet only based promotions are excluded from this offer.

3 Upwardly Mobile On-The-Go Banking Made EZ With Our Mobile App! FLASH VIEW SEND MONEY FLASH DEPOSIT View account balances instantly. Tap, View! Send money to anyone with an address or mobile phone. Tap, Send, Pay! Deposit checks with your smart phone. Tap, Snap, Deposit! Plus You Can Easily: Pay Bills Locate FREE ATMs & Shared Branches Login with just the touch of your finger Ready to Get Started? Download our FREE * Mobile App Today! *Our electronic banking services are free; however, standard wireless carrier text and data charges may apply: check with your wireless provider for details. Our HSAs Help Put Healthy into Healthcare Costs! Earn 0.75 % APY* No setup or monthly maintenance fees! If you re paying fees on your Health Savings Account, transfer to a RiverLand No-Fee HSA and reduce your out-of-pocket expenses! Yes, you can... Have more than one HSA! Transfer your balance from an account earning a lower rate while your employer continues to make deposits into that account! Make personal deposits, separate from those made by your employer, up to the allowed maximum! Call for an application or visit one of our convenient office locations! APPLY TODAY x RCU(4728)x3 *APY= Percentage Yield. APY, terms and conditions are current as of October 8, 2018 and are subject to change. An HSA balance must exceed $100 to earn dividends. As with any tax-favored product, please consult your financial or tax advisor regarding any tax implications of your HSA contributions and withdrawals. It is the responsibility of the accountholder, not RiverLand, to verify that the accountholder s health insurance plan is truly a high-deductible health plan (HDHP).

4 The Good Book RiverLand Federal Credit Union takes great pride in its member-mindedness and in the preferred treatment we deliver to our members. It is exactly this mindset that motivates our staff and serves our members. There s a binder at the Credit Union office we refer to as The Good Book." It is full of letters we ve received from our members thanking us for individual efforts. It helps to remind us who we really work for. We d like to share with you one of the letters we recently received. We want you to know...we live by The Good Book. Briefs Election Update All of our Board Directors up for re-election were unopposed and will be declared elected by acclamation at our 2019 Meeting. Be on the lookout for meeting announcement information online and in future newsletters. Open a RiverLand Christmas Club Now for Next Year! August 2018 Dear Ms. Irby, I would like to share our recent experience with the RCU Loan Department. We recently purchased a new car from a dealership in Beaumont, TX. We financed it through RiverLand. There were a few unique challenges purchasing it out of state. The RiverLand Loan Department Staff not only met, but far exceeded our expectations. Simple application process, timely review/decision, printed 3 page loan packet, handed it to the dealership finance manager, and Mrs. Wanda Norris and her peers handled the rest. Thank you for such a pleasant, prompt and simple car loan. And a great rate to boot! Very satisfied RiverLand members, Seth Steib & Shane Jordan On October 1st, Christmas Club funds were transferred to the savings accounts of participating club members.

5 888 MEMBER SERVICES MANAGEMENT STAFF LOCATIONS, HOURS, & PHONES FOR EVERYONE Shared Branching Checking Accounts Checking Accounts with Courtesy Pay Money Market Checking Accounts Fresh Start Checking Accounts Debit Cards FREE ATM Services Online Imaged Check Copies Internet Banking Internet Bill-Paying Service Mobile Banking FlashDeposit SendMoney FlashView Money Manager Electronic Account Statements Electronic Account Transfers TONEY Audio Response Teller (24/7) Internet Website Direct Deposit & ACH Deposits Lifetime & Full Family Membership FOR THE SAVER Savings Accounts Money Market Accounts Certificate Accounts HSAs (Health Savings Accounts) Christmas Club Accounts IRAs (Individual Retirement Accounts) FOR THE BORROWER New & Used Car, Truck, Boat, Motorcycle, RV, & ATV Loans New & Used Vehicle Refinancing Home Equity Loans Home Mortgages Mastercard Accounts (Platinum, Gold, Classic, & Secured) RCAs (Revolving Credit Accounts) Seasonal Loans (Low Rate/12 Months) Signature Loans Savings & Certificate Secured Loans GAP Vehicle Loan Protection Mechanical Repair Coverage for Vehicles Low-Cost Loan Payment Protection: Life, Disability, & Involuntary Unemployment LOAN SERVICES Fast Loan Approvals Loans-by-Phone Application Processing Secure Internet Application Processing New & Used Car Valuations Online ADDITIONAL SERVICES Wire Transfers of Funds U.S. Savings Bonds Redemption Official Checks Money Orders TurboTax for the Web Postage Stamps Quarterly Newsletter Courteous, Professional Service INSURANCE SERVICES Free Accidental Death & Dismemberment Insurance Affordable Auto, Home, & Personal Lines President/CEO Chief Financial Officer Vice President of Operations Vice President of Marketing Vice President of Lending Vice President of Info Technology LOAN RATES CURRENT RATES Percentage Rate New, Used, & Refinanced Cars, Trucks, & SUVs (100% financing/60 months/with automated payments) as low as 1.99% ** New, Used, & Refinanced Recreational Vehicles such as Boats, Motorcycles, RVs, ATVs, Motor Homes, & Tractors (100% financing/60 months/with automated payments) as low as 3.99% ** Home Equity Loans rates as low as prime minus.25% Signature Loans (12 months) 5.99% * Mastercard (no annual fee) Platinum 7.90% Call us for a complete list of loan rates and terms. *Available for a limited time to qualified borrowers. Restrictions and limitations apply. Call for details. Monthly payment example per $1,000 borrowed=12 payments of $ **As low as rate is subject to borrower s credit history, repayment term, and collateral. These rates and terms are available for a limited time to qualifying borrowers on specified collateral loans with qualified automated payments and may increase if qualified automated payments cease. Monthly payment examples per $1,000 borrowed: 1.99% APR=60 payments of $17.52 and 3.99% APR=60 payments of $ Refinancing excludes current RiverLand loans. Restrictions and limitations apply. Call for details. INVESTMENT ACCOUNTS Dividend rates on investment accounts are reviewed each Monday. Rates shown below were paid October 1, Yields reflect monthly compounding. The minimum balance requirement on accounts listed below is $1,000 unless otherwise noted (see Truth-in-Savings Disclosure for complete information). TERM/TYPE RATE YIELD HSA no minimum balance.74%.75% Money Market IRA $100 minimum balance $100,000 or more.74%.75% $100 - $99,999.49%.50% Money Market Savings.39%.40% Money Market Checking.15%.15% STEP-UP CERTIFICATES STATISTICS Carol L. Irby Lori Lassere-Bourg Rhonda Cubbedge Charmaine Bocage Russo Patricia Unsworth George Lunsford September 2018 September 2017 Total Assets $250,838,618 $231,063,475 Total Funds $225,254,952 $208,776,207 Total Loans $213,320,627 $195,945,102 Total Members 14,827 14,580 With our Step-Up Certificates, you may increase, or Step-Up your earnings rate one time (for the remainder of your term) to the current rate on a like-term certificate. Activating Step-Up is easy, there s no cost, and it can be done after just half of the certificate term. Step-Up Certificate Rates are also available on IRAs and HSAs. $10,000 minimum on Step-Up Certificates. CERTIFICATE TERM RATE YIELD 60-month 2.18% 2.20% 36-month 1.69% 1.70% 24-month 1.44% 1.45% 18-month 1.09% 1.10% 12-month 1.09% 1.10% Early withdrawal penalties may apply, see account disclosures. Main Office RCU (4728) 639 Loyola Ave. Suite 220 New Orleans, LA Entergy Inter-Office Mail Unit L-ENT-RCU Entergy UDC Gretna Office Virgil St. Gretna, LA Jackson Office Echelon Pkwy. Jackson, MS a.m. 3 p.m. Mon Fri Jefferson Office Jefferson Hwy. Jefferson, LA a.m. 1:50 p.m. & 2:30 4 p.m. Mon Fri ATM Location 24 hours Morgan City Office David Dr. Suite 107 Morgan City, LA Port Gibson Office Grand Gulf Nuclear Station 7003 Bald Hill Rd. Port Gibson, MS Taft Office Waterford River Rd. Killona, LA a.m. 1:50 p.m. & 2:30 4 p.m. Mon Thurs (Closed Fridays) Woodlands Office Grogan s Mill Rd. The Woodlands, TX a.m. 1:50 p.m. & 2:30 p.m. 4 p.m. Mon Fri Shared Branch Locations More Than 5,000 Nationwide Toll Free: 888.SITE.COOP ( ) Mon Fri Hours: Vary by location Saturday Hours: Vary by location Baton Rouge 6725 Siegen Ln. Ste K Hammond 1115 W. University Ave. Harvey 1530 Lapalco Blvd. #5 LaPlace 350 Belle Terre Blvd. Mandeville 238 Lafitte St. Metairie 5500 Veterans Blvd. Slidell 1512 Gause Blvd. Free ATM Locations More Than 75,000 Nationwide Toll Free: 888.SITE.COOP ( ) Loans by Phone & Internet x RCU(4728)x2 TONEY Audio Response Mastercard Debit & Credit Cards 24 Hours Lost or Stolen Card Transaction Assistance Line Fax Website riverlandfcu.org HOLIDAY CLOSINGS Year 2018 November 22nd... Thanksgiving Day December 24th... Christmas Eve December 25th... Christmas Day Year 2019 January 1st... New Year s Day